The Residential Energy Management (REM) provides a platform where one device or more devices are connected together which helps to optimize the use of energy and conserve energy. With the decrease in the natural resources the need of REM has increased drastically. REM also provides with REM meters which provide real-time energy use and also briefs about the amount of energy consumed. REM can be defined as technical software which governs the flow of energy so as to minimize wastage. Companies have come up with smart products which reduce energy consumption and forms a part of the REM market.

Besides the high end technology solutions that provide real time insights, a number of vendors offer system integration and consulting services along with superior support and maintenance services. The leading players in this market are Elster Group, General Electric, Itron and Silver Spring Network, Aclara, AlertMe, and Tendril.

NA and Europe are the main market for REM. REM is at the growth stage in both these markets and at the adoption stage in the regions of APAC and MEA. The APAC market is expected to grow at a faster rate during the forecast period. North America and Europe are expected to be the highest revenue generating regional market segments for REM market. These regional markets are also expected to exhibit the highest growth rates. Asia-Pacific (APAC) is highest adoption rate in terms of highest compound annual growth rate (CAGR) over the forecasted period. Considerable market growths will be seen in the Middle East and Africa (MEA) and Latin America (LA) REM market.